funding-startups-free

 

Company Name: Flickbay
Amount raised: $ 890,000
Sector: Entertainment app
Date announced:  3rd August 2016
Investors: Paul Roy, chairman of Dubai-based Riva Digital
What they will use the funding for:
Source:  iamwire

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Company Name: Xcode Life Sciences
Amount raised: undisclosed
Sector: Healthcare
Date announced:  3rd August 2016
Investors: RoundGlass Partners
What they will use the funding for:  Towards sales and marketing, development of new products and expanding the team.
Source: Dealstreetasia

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Company Name: ExtraCarbon
Amount raised: $225,000
Sector:Waste management
Date announced:  3rd August 2016
Investors: BCCL’s Brand Capital
What they will use the funding for:
Source: techcircle

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Company Name: Cloudyn
Amount raised: $4 mn
Sector: Software-as-a-service
Date announced:  3rd August 2016
Investors: Infosys
What they will use the funding for:  cloud migration and cloud-based disaster recovery software.
Source:  techcircle

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Company Name: Petoo
Amount raised: $500,000
Sector: Food technology
Date announced:  3rd August 2016
Investors: high-net-worth individuals (HNIs)
What they will use the funding for: For its ongoing food research initiatives and to roll out its new products across the country.
Source:  techcircle

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Company Name: Tricog
Amount raised: Rs 12 crore
Sector: Healthcare
Date announced:  5th August 2016
Investors: Inventus Capital Partners, Blume Ventures and a host of angel investors
What they will use the funding for: To scale across the country and develop the technology.
Source: ETTech

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Company Name: Byndr
Amount raised: $700K
Sector: Education
Date announced:  27th July 2016
Investors: Education Design Studio (premier Ed-tech accelerator at the University of Pennsylvania), Ben Franklin Technology Partners, and a group of angel investors.
What they will use the funding for:   To accelerate expansion and continue providing easy-to- use, and mobile-first products for all stakeholders in higher education.
Source:  inc42

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Company Name: Square Plums
Amount raised: Rs 3 crores
Sector: Shared accommodations
Date announced:  27th July 2016
Investors: Indian Angel Network
What they will use the funding for:  On-boarding the properties as per its design standards and building a technology platform for tenants, apartment owners and prospective tenants.
Source:  ETTech

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Company Name: Modasta
Amount raised: $1.5 million
Sector: Health content
Date announced:  27th July 2016
Investors: Mauritius HNIs
What they will use the funding for: business growth, technology upgradation, talent acquisition and marketing outreach activities.
Source:  ETTech

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Company Name: GoCoop
Amount raised:  $830,000
Sector: Social marketplace
Date announced:  28th July 2016
Investors: Kris Gopalakrishnan and Saha Fund, according to its filing with the Registrar of Companies (RoC)
What they will use the funding for:
Source: techcircle

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Company Name: MaxWholesale
Amount raised: Rs 1 crore (around $150,000)
Sector: B2B commerce
Date announced:  28th July 2016
Investors: Maple Capital
What they will use the funding for: to  scale existing operations and strengthen its technology platform.
Source: techcircle

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Company Name: Genext Students
Amount raised: $209,000 (Rs 1.4Cr)
Sector: Education
Date announced: 11th August 2016
Investors: 1Crowd
What they will use the funding for: to build technology, expand its team, and for scaling marketing strategies.
Source: inc42

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Company Name:  Tokri 
Amount raised: $2.5 million (around Rs 16.7 crore)
Sector: Hyperlocal grocery
Date announced: 1st August 2016
Investors: Syska LED group
What they will use the funding for: to upgrade technology in a bid to improve the customer experience and set up warehouses in Pune and other cities. A part of the money will also go into brand building and marketing.
Source: techcircle

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Company Name:  HelloDhobi
Amount raised: undisclosed
Sector: Laundry
Date announced:  29th July 2016
Investors: Swastika Company and some Mumbai-based affluent individuals
What they will use the funding for: to expand operations in Pune and hire staff across verticals.
Source: techcircle

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Company Name: DailyNinja
Amount raised: undisclosed
Sector: Daily subscriptions for daily needs
Date announced:  2nd August 2016
Investors: Venk Krishnan (NuVentures), Aprameya Radhakrishna (Founder of TaxiForSure), Anupam Mittal (shaadi.com and People Group), Kunal Shah of Freecharge, Tracxn Labs, Subramanya SV (ex-Partner BVP), Ravi Garkipati (EIR and SVP at Flipkart) apart from several other Indian and Singapore based investors
What they will use the funding for:  to upgrade operations and expand the customer base.
Source: inc42

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Company Name:  YumLane
Amount raised: $1 Mn (INR 6.6 Cr)
Sector: Food and snacks
Date announced:  2nd August 2016
Investors: Flipkart CEO Binny Bansal, People Group founder Anupam Mittal, Sachin Bhatia (co-founder MakeMyTrip), Darius Pandole, partner at private equity firm New Silk Route, angel investor Kunal Khattar and Dheerag Jain (Managing Partner at Redcliffe Capital-London)
What they will use the funding for: towards marketing and further brand building, as it looks to expand its presence in the city, before entering other markets across the country.
Source: inc42

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